Effective cost reduction: a new perspective
Replace the CPO with a CVO
There are various ways to reduce costs, according to Jan Valkhof, associate NEVI-Purspective and trainer.
Procurement is often only concerned with reducing the purchase price, while substantial savings can be achieved by reducing total costs across the entire supply chain. If you really want to cut costs, you should consider replacing your Chief Procurement Officer with a Chief Value Officer. The main task of a CVO is to create maximum value throughout the supply chain at the lowest possible cost.